What Are The Odds Of Scoring A Winning Trade?

[Turveyd]

On the basis I've been able to role, 17 and upto 22 profits in a row a few times, then it's not luck ( Luck doesn't exist, random chance does ), but the odds on profiting 22 times in a row if luck and 50/50 are astronomical unless your making millions of trades ofcourse, which I'm not.

My losers in a row isn't that bad, likely 8 in a row, odds are only 256:1 where as 17 is 128,000:1.

It's all skill, if you profit its on you, if you lose your doing something wrong, as simple as that, never ever cop out on it's luck or lack of.*

* not individual trades, but over all ofcourse, 1 trade is meaningless.

 

[ironchef]

%%
Start of a good system,ironC;
not that i would buy every day+ not buy in a bear market @ every open. So its better than 50%; some do much better with less a than 50% win rate. Markets do trend.............................................................................................

Points well taken.

Thank you for your coaching.

Best regards,

 

[ironchef]

On the basis I've been able to role, 17 and upto 22 profits in a row a few times, then it's not luck ( Luck doesn't exist, random chance does ), but the odds on profiting 22 times in a row if luck and 50/50 are astronomical unless your making millions of trades ofcourse, which I'm not.

My losers in a row isn't that bad, likely 8 in a row, odds are only 256:1 where as 17 is 128,000:1.

It's all skill, if you profit its on you, if you lose your doing something wrong, as simple as that, never ever cop out on it's luck or lack of.*

* not individual trades, but over all ofcourse, 1 trade is meaningless.

Perhaps it is survivor bias.

Just kidding. I read and followed your posts and know you are a pro and not a random mom and pop retail like me.

Best to you.

 

[Turveyd]

Perhaps it is survivor bias.

Just kidding. I read and followed your posts and know you are a pro and not a random mom and pop retail like me.

Best to you.

Defo no Pro, I might pay for the odd Pro but that's an entirely different thing.

 

[Thebirdonthestreet]

Event driven is a money print.